Overseas Investment Insurance System

Our country's overseas investment began in 1979, compared with the other countries, although started late, but developed very quickly. Especially the accession into WTO on December 11, 2001, as well as the current tendency of the economic globalization caused our country's overseas investment to step a brand-new development stage, and obtained the amazing achievements. But at the same time it is worth noticing that at present the overseas investment of our enterprises spreads into Europe, America, Asia, Latin America, and Africa etc. and more than 160 countries and the area, including the very major parts located in Southeast Asia, Latin American, Africa etc. and the developed countries and the areas. The political situations of these areas are turbulent, economy relative backwardness, and the legal scheme not perfect, which expose the overseas investment to the enormous political risks. To effectively protect the security and the benefits of our country's overseas investment, promote its healthy development and draw on the successful experiences of the developed countries, it is the greatest urgency to establish the insurance scheme of our country's overseas investment.The insurance scheme of the overseas investment is the important content of the legal framework of the overseas investment protection of the capital-exporting countries, and is the domestic law scheme of protecting and encouraging the personal overseas investment, whose main function is to prevent the political risk and to compensate afterwards.Through the way of providing the guarantee of the political risk for the overseas investment by the policy-type insurance organization set up by the government provides, the scheme ingeniously resolves the long-term passive position of the home government in the investment protection, effectively avoids the conflicts over the jurisdiction between the personal jurisdiction (or territorial jurisdiction )of the host country...